Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sets New 1-Year High – Should You Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $85.94 and last traded at $85.94, with a volume of 2624 shares. The stock had previously closed at $85.69.

Pacer Trendpilot 100 ETF Stock Performance

The firm has a market capitalization of $1.33 billion, a PE ratio of 33.04 and a beta of 0.63. The company has a fifty day moving average price of $76.85 and a 200-day moving average price of $78.40.

Institutional Trading of Pacer Trendpilot 100 ETF

Several hedge funds have recently modified their holdings of PTNQ. Motiv8 Investments LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth approximately $40,000. Arax Advisory Partners purchased a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth approximately $40,000. Flagship Harbor Advisors LLC purchased a new stake in Pacer Trendpilot 100 ETF during the 4th quarter valued at $55,000. Finally, Realta Investment Advisors purchased a new stake in Pacer Trendpilot 100 ETF during the 1st quarter valued at $55,000.

Pacer Trendpilot 100 ETF Company Profile

The Pacer Trendpilot 100 ETF (PTNQ) is an exchange-traded fund that is based on the Pacer NASDAQ-100 Trendpilot index. The fund tracks an index that holds the NASDAQ-100 securities and/or 3-month US T-bills according to momentum. PTNQ was launched on Jun 11, 2015 and is managed by Pacer.